OAR 441-505-3085
Lending Limit Rules for Loans to Partnerships

(1)

Obligations to a partnership, joint venture, or association are obligations to each member of the partnership, joint venture, or association. This rule does not apply to limited partners in limited partnerships or to members of joint ventures or associations if the partners or members, by the terms of the partnership or membership agreement, are not held generally liable for the obligations or actions of the partnership, joint venture, or association, and those provisions are valid under applicable law.

(2)

Intentionally left blank —Ed.

(a)

Obligations to members of a partnership, joint venture, or association are not attributed to the partnership, joint venture, or association unless either OAR 441-505-3075 (Existence of a Direct Benefit) or 441-505-3080 (Existence of a Common Enterprise) is met. Both 441-505-3075 (Existence of a Direct Benefit) and 441-505-3080 (Existence of a Common Enterprise) are met between a member of a partnership, joint venture or association and such partnership, joint venture or association, when obligations are made to the member to purchase an interest in the partnership, joint venture or association.

(b)

Obligations to members of a partnership, joint venture, or association are not attributed to other members of the partnership, joint venture, or association unless either OAR 441-505-3075 (Existence of a Direct Benefit) or 441-505-3080 (Existence of a Common Enterprise) are met.

Source: Rule 441-505-3085 — Lending Limit Rules for Loans to Partnerships, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-505-3085 (accessed May 26, 2025).

441–505–1110
References to Federal Statutes and Regulations 441–505–1120
Report of Oregon Deposits 441–505–1130
Call Reports 441–505–1150
Report of Trust Assets 441–505–1160
Trust Company Financial Statements 441–505–2000
Regular Meetings of Banking Institution Board of Directors 441–505–2005
Conducting Stockholder Meetings Remotely 441–505–2010
Dividend Excess of Retained Earnings 441–505–2020
Exchange of Real Property for Stock 441–505–3010
Insurance Activity Report 441–505–3020
Property Acquired for or Used for Place of Business 441–505–3030
Appraisal Required 441–505–3040
Real Estate Sales Contracts 441–505–3046
Contents of Foreclosure Notices 441–505–3050
Guidelines for Exceeding Restrictions on Ownership of Real and Personal Property Used in Business 441–505–3070
Combining Loans to Separate Borrowers 441–505–3075
Existence of a Direct Benefit 441–505–3080
Existence of a Common Enterprise 441–505–3085
Lending Limit Rules for Loans to Partnerships 441–505–3090
Interest Rate Swap Transactions 441–505–4010
Exemption for Banking Institutions 441–505–4020
Exemption for Out of State Trust Company 441–505–4030
Trust Company Exemption 441–505–6010
Deposits Required by Extranational Institutions

Verified

May 26, 2025

Rule 441-505-3085's source at or.us

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Location: https://oregon.public.law/rules/oar_441-505-3085

Original Source: Rule 441-505-3085 — Lending Limit Rules for Loans to Partnerships, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-505-3085 (last accessed May 10, 2025).